$4,499,000
The best development opportunity in the Valley. This is your builder's chance to step up to the big Leagues with an entirely "next level" estate that changes their career. Big land, big house, big profits. The location does not get any better. The trail has already been blazed by 14 double-digit sales in the past few years - this isn't an exit of the highest number, a $14M exit is on the lower range of projections. Plenty of upside, plenty of protection on the downside. Quiet cul-de-sac just off exclusive Woodvale Road, in Encino's coveted Royal Oaks neighborhood. Close to Van Nuys private airport, close to the Westside, and close to all of the best Valley private schools, as well as Lanai, the best public elementary. The existing lighted Tennis Court and the perimeter oak trees are massively additive to your bottom line. This pencils out all day long. Rich rewards go to those with vision.
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Listed by Craig Knizek with The Agency (424) 230-3700
Property Type
Single Family Residence
Status
Active
MLS Number
26832835
Year Built
1951
Lot Size
0.98 acres